IDT Corporation reported a revenue increase of 4.6% for the three months ended October 31, 2025, achieving $322.8 million compared to $309.6 million in the same period last year. The company's net income also rose significantly, reaching $24.1 million, up from $18.5 million, marking a 29.7% increase. This growth translated to earnings per share of $0.89, compared to $0.68 in the prior year. The increase in revenue was primarily driven by strong performance in the National Retail Solutions (NRS) and Fintech segments, which saw revenue growth of 22% and 15.1%, respectively.
In terms of operational metrics, IDT's NRS segment reported a notable increase in active point-of-sale (POS) terminals, which rose to 37,900 from 33,100, reflecting a 14.5% growth. Payment processing accounts also increased by 20.3%, reaching 27,300. The Fintech segment's BOSS Money service experienced a surge in digital transaction volume, rising to 6.6 million from 5.4 million. The net2phone segment reported an increase in subscription revenue, driven by a rise in seats served, which grew to 432 from 406.
The company also made strategic moves during the quarter, including a stock repurchase program where it bought back 158,424 shares of its Class B common stock for $7.6 million. Additionally, IDT declared a cash dividend of $0.06 per share, totaling $1.5 million for the quarter. The company’s total assets increased to $654.9 million, up from $626.2 million, with cash and cash equivalents decreasing to $189.3 million from $226.5 million, reflecting increased investment in operational activities.
Looking ahead, IDT Corporation anticipates continued growth driven by its expanding service offerings and customer base. The company expects its cash flow from operations, along with its current cash and investment holdings, to be sufficient to meet its working capital and capital expenditure needs for the upcoming year. The management remains optimistic about leveraging its technology-driven segments to enhance profitability and market share in the competitive telecommunications and financial services landscape.
About IDT CORP
IDT Corporation is a diversified provider of telecommunications, fintech, and digital payment solutions. Its core businesses include point-of-sale systems for independent retailers, international money remittances, cloud-based unified communications, and wholesale voice services. Serving primarily immigrant communities and small to medium enterprises, the company leverages proprietary technology, extensive retail and partner networks, and innovative offerings to deliver cost-effective, high-quality communication and financial services globally.
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